Harsh V. Pant SPECIAL TO EMIRATES BUSINESS Dealing a major blow to Beijing’s insistence that it has special rights to South China Sea and in a victory for the Philippines, an international tribunal of judges decided that China’s claims to the critical waterway are without legal merit. The ruling, handed down by a tribunal based at the Hague’s Permanent ...

  There seems to be this idea that just won’t go away — that two or more quarters of negative economic growth mark a recession. This is, of course, incorrect. But it persists, and seems to get new life with every unsettling economic event, because people don’t understand the basics surrounding what an economic contraction is or how we measure ...

  Dubai / Emirates Business Careem — the region’s leading app-based booking service — has announced a strategic partnership with NEXT Future Transportation, Inc. to bring battery-powered, self-driving electric pods to the MENA region. The partnership comes in line with the announcement of the launch of the Dubai Autonomous Transportation Strategy, a new initiative aimed at making 25 percent of ...